Inheritance tax: how your pension can help you plan your estate
Inheritance tax: how your pension can help you plan your estate
Pensions can help you minimise your family’s potential inheritance-tax bill. David Prosser explains how.
12 May 2021
What is the pensions lifetime allowance and should you be worried about hitting it?
What is the pensions lifetime allowance and should you be worried about hitting it?
In his recent Budget the chancellor froze the pensions lifetime allowance at £1,073,100. That may sound like a lot to have in your pot, but you could …
11 Mar 2021
Mind the inheritance-tax trap when transferring your pension
Mind the inheritance-tax trap when transferring your pension
Transferring your pension could incur inheritance tax for your heirs, says David Prosser.
9 Sep 2020
How to claw back tax overpaid when opting for pension drawdown
How to claw back tax overpaid when opting for pension drawdown
Many retirees opting for drawdown schemes – taking money out of their pension savings – have overpaid tax. Here’s what to do to get it back.
26 Aug 2020
Landmark ruling puts pension tax relief in jeopardy
Landmark ruling puts pension tax relief in jeopardy
Savers who made in specie contributions to pensions – transferring assets such as art or property instead of paying in cash – could face big bills
1 Jun 2020
Don't scrap pensions tax relief. We need people to save more, not less
Don't scrap pensions tax relief. We need people to save more, not less
Scrapping higher-rate pension tax relief would amount to double taxation and discourage retirement
saving, thereby depriving the economy of crucial …
5 Mar 2020
Why it makes sense to scrap higher-rate pensions tax relief
Why it makes sense to scrap higher-rate pensions tax relief
The point of pensions tax relief is to keep you out of the means-tested benefits system. The current system is ridiculously generous, says Merryn Some…
24 Feb 2020
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Pass on your pension without paying inheritance tax
Pass on your pension without paying inheritance tax
The 2015 pension reforms make it easier for you to ensure your heirs avoid inheritance tax when you die
29 Jan 2020
Pension contributions: what you need to declare on your tax return
Pension contributions: what you need to declare on your tax return
Make sure you don't forget to declare your pension contributions in your tax return
28 Jan 2020
Doctors’ pension row spreads to other arms of the public sector
Doctors’ pension row spreads to other arms of the public sector
The crisis that has seen doctors refuse to take on extra shifts has spread to other public sector workers.
25 Sep 2019
Millions fall foul of pensions contributions rule
Millions fall foul of pensions contributions rule
Almost a million savers could face punitive tax charges on their pension contributions because they have unwittingly triggered a substantial reduction…
29 May 2019
Sipps: use your pension tax breaks
Sipps: use your pension tax breaks
It makes sense to exploit your Isa allowance, but don’t neglect your pension. Generous upfront tax relief makes occupational or personal schemes an ef…
15 Mar 2019
Don’t miss the pensions deadline
Don’t miss the pensions deadline
There are just five weeks left in the 2018-2019 tax year, so make sure you’ve made full use of your allowances.
6 Mar 2019
Don’t forget income tax when drawing your pension
Don’t forget income tax when drawing your pension
Many people have not understood the tax implications of drawing down their money, meaning that savers withdrawing pension cash are handing over millio…
16 Nov 2018
Pensions and savings tax relief under attack
Pensions and savings tax relief under attack
MPs want to reform the savings and pensions tax relief system to benefit the less well-off.
3 Aug 2018
Pensions tax relief: is it so stupidly incomprehensible on purpose?
Pensions tax relief: is it so stupidly incomprehensible on purpose?
The complexity of the comically stupid policy on pensions tax relief means people have given up trying to understand it – and are paying a pile more t…
7 Mar 2017